Microsoft Dynamics Ax 2009 sp1 update for India for TCS and TDS

April 21st, 2011 by Stephen Jones Leave a reply »

A white paper describes a country-specific update that was released for India for Microsoft Dynamics AX 2009 SP1.

In accordance with Indian legislation, you must calculate and post Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) amounts on transactions. You can create a transaction journal that includes multiple lines to calculate and post TDS and TCS amounts in a voucher for the following transactions:
Purchase invoices

  • Advance payments made to vendors through cash and bank transactions
  • Bank charges
  • Sales invoices
  • Advance payments received from customers

For more information about the hotfix download, see Microsoft Knowledge Base article 2521264. For more information about other features that apply to India, refer to the Applications and Business Processes Help. Information that is specific to India includes (IND) in the title.

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